Principal® Partners With Barings on New $1 Billion Portfolio Finance Initiative to Strengthen Private Credit Platform

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG), a global financial company, today announced a strategic partnership with Barings to expand the general account portfolio at Principal® through an allocation of up to $1 billion in bespoke private investment grade portfolio finance investments. The investments will be in the form of a separately managed account and a co-investment structure. The co-investment structure will be managed by Principal Asset Management®, the. ...